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Naspers creates new role of CEO, South Africa

Phuthi Mahanyele-Dabengwa’s responsibilities will include leadership of Naspers Foundry and Naspers Labs.
Phuthi Mahanyele-Dabengwa. The appointment comes as Naspers prepares to list its international consumer Internet assets, including its 31.2% stake in Chinese online behemoth Tencent, in Amsterdam. Picture: Bloomberg

Naspers said on Wednesday that it has appointed Phuthi Mahanyele-Dabengwa as CEO of its South Africa business. It’s a newly created executive position, and Mahanyele-Dabengwa will report directly to CEO Bob van Dijk.

Her responsibilities will include leadership of Naspers’s flagship South African units, Naspers Foundry and Naspers Labs. She will be based in Johannesburg.

Mahanyele-Dabengwa was previously executive chair at Sigma Capital, a privately held, majority black-owned investment group. “Her significant investor and board experience across varied sectors makes Phuthi the perfect match for this important role at Naspers,” Van Dijk said in a statement.

The appointment comes as Naspers prepares to list its international consumer Internet assets, including its 31.2% stake in Chinese online behemoth Tencent, in Amsterdam, with a secondary inward listing in Johannesburg. The new company, called Prosus, is expected to attract a valuation north of $100 billion.

Read: Naspers names its new global internet group Prosus

Earlier, Naspers announced the creation of Naspers Foundry, a R1.4 billion start-up funding initiative aimed at investing in South Africa’s technology sector. It recently announced its first investment, a R30 million backing of SweepSouth, the online cleaning services platform.

Naspers Labs, meanwhile, is the pilot of a social impact initiative that Naspers has designed in partnership with Marlon Parker, the founder of RLabs, to develop the skills and talent of South Africa’s unemployed youth.

Naspers has committed R50 million to the pilot in 2019, on top of R15 million invested in 2018, and four pilot labs will be up and running by the end of the financial year.

© 2019 NewsCentral Media

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What a a terrible job. To manage the assets that create negative value for the Group and be perceived as the politically transformed AA appointment for the junk of the Group….what a truly thankless job-particularly if she is capable. Tencent is Naspers and what she has is the ubuntu rubbish assets to manage!

And Bob gets paid millions for doing less than nothing now..O sorry will have to check the share price on two different exchanges from Sept..so lets give him an increase…Broederbond at work!

Bee: You are getting your m and b confused. Van Blerk pay last year was 1.5 Billion

Given the poisened chalice so that Bobs bonus not affected

And she is connected as she was COE of Cyril’s Shanduka.

What is the significance of pointing out that she worked for a “majority black-owned investment group”?

Does this give her a special skill set? Or is it more challenging to run a black-owned company? I honestly don’t understand this?

Poor Phuthi, what an insult. There’s nothing to manage there, the Mafia’s have moved everything to Euronext and to appease the masses, left the empty shell on JSE.

Also, wonder if her connection to Cyril influenced her appointment

Ask Kim Reid if he thinks that he is going to report to Phuti. The answer will be no.

Fairly obvious that she is only a token appointment, specially created post… thats why she wont (or cannot) do an interview. Unbelievable actually in this day and age that corporate SA still thinks transformation is sensible after it has failed so spectacularly at SOEs and many many other privately owned companies that just havent make the news!

End of comments.

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